Archive – Banking & Fintech

UBS fined for issuing dollars to Cuba

This content was published on May 11, 2004 UBS admitted “very serious mistakes” had been made and said it would now stop banknote trading outside Switzerland. The fine is to be levied by the United States Federal Reserve – the US central bank. UBS is one of the few foreign banks permitted to retire old banknotes and issue new ones on behalf of…

Dr Doom predicts looming gloom for the Swiss

This content was published on May 8, 2004 In an interview with swissinfo, Faber says Switzerland has essentially a no-growth economy and is “totally uncompetitive”. His comments come in the same week it was announced that Switzerland had for the first time slipped out of the top ten of the world’s most competitive nations – from ninth to 14th position. The World Competitiveness…

Chip maker wins top Swiss venture prize

This content was published on May 7, 2004 The Zurich-based firm won the Swiss Economic Award in Thun on Friday for making high-tech computer chips that are capable of sensing heat, moisture, gas flow and liquid currents. “What’s new is that we have brought together chip technology and sensor technology,” said Felix Mayer, a Sensirion co-founder, told swissinfo. “This means we integrate on…

Faber urges the Swiss to “go east”

This content was published on May 7, 2004 On a more personal note, the Swiss investment guru admits that he has made his fair share of mistakes when it comes to making investments. But he claims to lose little sleep, despite taking some big hits over the years. swissinfo: I think we’re all familiar with the advice: “Go west, young man.” But the…

Falling unemployment raises recovery hopes

This content was published on May 7, 2004 But experts remain cautious about whether this – along with a rise in consumer confidence – indicates that the country is really on the road to recovery. The State Secretariat for Economic Affairs (Seco) said on Friday that the jobless rate was down 0.2 per cent to 3.9 per cent last month – more than…

Cantons join the Left in opposing tax cuts

This content was published on May 7, 2004 While some see economic benefits from an easing of the fiscal burden on families, property owners and shareholders, others consider the move will mainly benefit the rich. “Over the past 30 years government spending in relation to Gross Domestic Product has more than doubled. The package of tax cuts is a first step towards stopping…

Surging oil price threatens Swiss economic growth

This content was published on May 6, 2004 In Switzerland, as in other countries, consumers and businesses are having to fork out more for fuel. But the rising oil price could also slow Switzerland’s nascent economic recovery. Hardest hit are likely to be energy-sensitive businesses such as the national carrier, Swiss, which recently sold hedges it purchased to protect itself against rising oil…

Cash prizes sweeten wake-up call to the Swiss

This content was published on May 5, 2004 It is just this kind of juxtaposition that the Swiss Economic Forum hopes will serve as a wake up call to the country’s business community. Backed by UBS, PriceWaterhouseCoopers and Swisscom, among others, the Swiss Economic Forum each year awards finalists tens of thousands of francs in prize money in a two day conference. Along…

Profit soars at Credit Suisse

This content was published on May 5, 2004 The rise was attributed to strong gains in wealth management fees and trading income. Chief financial officer Phil Ryan commented that the first quarter had marked the bank’s strongest operating performance since 2000, adding that it was “a great start to the year”. Its larger rival, UBS, on Tuesday reported that its first-quarter net profit…

Switzerland’s clean image rubbished

This content was published on May 5, 2004 Garbage-strewn streets in many town centres cast doubt on the clean and tidy image of Switzerland. Fast food is largely to blame. According to the survey, people eating on the streets throw away a third of all the resulting rubbish. The study was carried out by the University of Basel in five cities, including Basel,…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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UBS fined for issuing dollars to Cuba

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Dr Doom predicts looming gloom for the Swiss

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Chip maker wins top Swiss venture prize

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Faber urges the Swiss to “go east”

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Falling unemployment raises recovery hopes

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Cantons join the Left in opposing tax cuts

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Surging oil price threatens Swiss economic growth

More

Cash prizes sweeten wake-up call to the Swiss

More

Profit soars at Credit Suisse

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Switzerland’s clean image rubbished

Popular Stories

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